I looked more closely at the timing "plate" and see that I can, indeed, see the timing mark without any problem. And there is already a spot of yellow paint on both the plate and the timing mark on the crank hub. So I'm all set. I went to time it and found that my timing light isn't working, so I need to address that and then I'll be all set. There's no more "too rich" smell at the tailpipe and I'm really looking forward to seeing that puppy turn from black to a nice charcoal gray.
Just to follow up on my situation, I've now timed the truck to the painted mark on the "sawtooth scale plate." That mark was put there by the former owner's mechanic. I can't confirm that the mark is actually on TDC ("O") because the plate is too far away from me (I can't get close enough to it) and it's too dirty and/or rusty to read the marks on it.
My timing light (which I haven't used in years) didn't work, so I borrowed an ancient neon timing light from my elderly neighbor and used that. Because the neon light is so faint and didn't show the crankshaft mark very clearly at all, it ended up taking me quite a long time to confirm that mark on the spinning crankshaft. But I finally was able to accomplish that.
Before I started, I pulled the #4 plug (easy to get to). Despite the fact that I've only driven the truck ~ 5 miles (on two separate trips), plus idling it quite a bit during the timing effort, that plug was EXTREMELY clean. So just that bit of running the engine (which never really warmed up fully) was enough to burn that formerly black and sooty plug clean. Very impressive indeed. It's amazing how much better the truck runs now and I can't wait to take it out on the highway and give it a good road test.
As to the timing, I think it's advanced more than it should be. On the other hand, it's likely set to where it's been for as long as I've owned the truck (7 years now) since I've never before changed the timing. And it's always run quite well whenever it wasn't running poorly, which it has been (off and on) for quite some time now, likely due to the bad CTS which has probably been going bad for awhile. The truck has (in my view) been running at least a bit too rich for the past several years. Now that I see how clean-burning the #4 plug is now, I'm confident that it HAS been running a bit too rich, as I suspected. When the CTS finally completely failed recently, then it began running WAY too rich and forced me to find the problem.
BTW, I don't use this truck much at all, so the fact that's it hasn't been running "optimally" hasn't mattered all that much.
Now, as to why I think the current setting may be a bit too advanced, see what you think about what I did. I removed the distributor cap (and all of its spark plug wires) and manually aligned the timing marks (the yellow painted marks made by the former owner's mechanic). The engine can be manually turned over to make the final alignment using a suitably long breaker bar (for leverage) and a 5/8" socket on the crank pully bolt. Then I eyed the rotor position with one of the tall bolts that hold the air cleaner on and placed a mark on the firewall so that when I sighted along the line of the tall bolt with that mark, the rotor was pointing right at the bolt.
Then I put the distributor cap back on and sighted along the line. The #1 "stud" on the cap (on which the #1 spark plug wire sits) should have also been lined up with my line if the distributor is indeed set to TDC. But it wasn't. It was quite a bit to the right of that line. Which means that it was in a somewhat advanced position. And it's still in that position because that's where the marks line up with the timing light.
Now, I know this is not exactly a precise indication of things, but it really makes me wonder whether or not the mechanic put that painted mark @ "O". He may have put it at 4 degrees advanced, or ..... ??
So the last thing I want to do is to somehow determine exactly where that mark is, which doesn't look like it's going to be very easy, and re-adjust the timing if necessary.
I've searched online for a picture of the "sawtooth scale plate" on this 1994 truck but haven't found one that shows this actual plate.
So I guess I'll have to endeavor to clean my plate and somehow get a gander at the markings so's I can see what the deal is with the current painted mark.
I really don't want to run the truck with the spark advanced beyond TDC (as called for) unless it's really required, performance-wise. Which I doubt is the case.
The thing's got 197,000 miles on it and it's not such a good idea to run an older high-mileage motor with the spark advanced.
In any event, the moral of my story is that if you find your 5.7 liter TBI is perhaps running a bit too rich and not as clean-burning as you think it should be, ya might want to invest in a new CTS for under 20 bucks. Because I suspect that I've been driving mine with a somewhat defective CTS for quite some time.
In my case, I also replaced the fuel pressure regulator (which is also an easy fix) for $59.00. I had to because mine was leaking. That might (or might not) have also been contributing to the too rich air/fuel mix.
But for now, everything seems to be all good, and probably better than it's been in quite awhile.